ATLANTA (AP) — ATLANTA (AP) — Assurant Inc. (AIZ) on Tuesday reported third-quarter earnings of $133.8 million.
On a per-share basis, the Atlanta-based company said it had net income of $2.55. Earnings, adjusted for non-recurring costs, came to $3 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.50 per share.
The insurer posted revenue of $2.97 billion in the period. Its adjusted revenue was $2.99 billion, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $2.91 billion.
Assurant shares have increased 15% since the beginning of the year, while the S&P’s 500 index has risen 21%. In the final minutes of trading on Tuesday, shares hit $193.09, a climb of 19% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIZ at https://www.zacks.com/ap/AIZ
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